White Hart Lane club could lose AVB to PSG and Gareth Bale to Real Madrid this summer

The former AC Milan and Chelsea manager is expected to take charge of Real Madrid for next season, who earlier dispensed with the services of José Mourinho. The Sun believes the Parc des Princes club originally wanted Dutch tactician Guus Hiddink. However, he has now extended his contract with Russian side Anzhi Makhachkala.

AVB has two years left on his present contract and excelled in his first season at White Hart Lane, guiding the north London side to a club record 72 point haul in the Premier League and polishing Welsh international Gareth Bale into one of the world's most potent forwards. Spurs were only narrowly beaten to a Champions League spot for next season, losing out to local rivals Arsenal by a single point.

And to compound Daniel Levy's possible misery, he could also lose Bale. Madrid have been relentless in their pursuit of the 23-year-old, despite talk of a mega-contract for the left-sided player. An earlier report by The Sun claimed Madrid president Florentino Perez could be willing to go as high as £85m for Bale; if true, the fee is likely to be one the English side can ill-afford to turn down.

The good news for Spurs fans is that AVB shows no signs of wanting to leave. The Portuguese has already urged the club to spend in the summer transfer market, to help organise a stronger challenge for a top four finish.

"We [will] have to raise the bar... because our competitors will do the same. We got ever so close. But they will do their job in window, and we will do ours the Tottenham way, scouting properly and looking for good grabs in summer window to make it a stronger squad," the former FC Porto boss explained.

"Getting 72 points and not making it means that next season to compete at this level we have to make probably more than that. The other teams have great squads and will continue to add quality," he added.

The bad news if Spurs are unwilling to spend, AVB may be tempted to hop across the Channel to the French capital. The champions there have already proven their willingness and ability to sign big-money players and after a strong domestic and continental season in 2012/13, will be looking to go one better in the new year.